A house erroneously valued at $400 million is being blamed for budget shortfalls and possible layoffs in municipalities and school districts in northwest Indiana.
An outside user of Porter County's computer system may have triggered the mess by accidentally changing the value of the Valparaiso house, said Sharon Lippens, director of the county's information technologies and service department. The house had been valued at $121,900 before the glitch.
County Treasurer Jim Murphy said the home usually carried about $1,500 in property taxes; this year, it was billed $8 million.
Lippens said her agency identified the mistake and told the county auditor's office how to correct it. But the $400 million value ended up on documents that were used to calculate tax rates.
more:
http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2006/02/10/national/a110332S54.DTLComment; And I thought MY taxes were high! LOL
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